Zimbabwe
The new dispensation has failed to manage an economic turnaround, following the ouster of former President Robert Mugabe in 2017. Foreign investment inflows have not materialised to the extent that the Mnangagwa-administration was hoping for. The country’s economic hardship is likely to persist, amid a deepening currency crisis and the risk of growing civil unrest.
The first half of the year has been characterised by a tremendous shift in policy management. But economic fundamentals have not improved. The Zimbabwe dollar was relaunched, and officials announced that they will defer from publishing year-on-year inflation figures until 2020. On the political front, little has changed for the better over this past quarter as protests mount against economic conditions that the government can do little about. Zimbabweans’ pockets are punctured by rampant consumer prices as electricity, food, and fuel shortages intensify. (Source: Zimbabwe Quarterly Update, published August 2019)
Macroeconomic Data
(2018)
|
Fiscal Balance (as a % of GDP) |
-16.8 |
|
Consumer Price Index (% change y-o-y, avg) |
10.5 |
|
Current Account Balance (as a % of GDP) |
-5.7 |
|
Real GDP (annual % change) |
2.1 |
|
GDP per Capita, US$ |
1,301.1 |
|
Import Cover (months) |
0.1 |
|
Population, million |
14.4 |
| Total External Debt (as a % of GDP) |
56.5 |